Is 77511, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 77511 was a Seller's Market.
Housing Prices in 77511, TX
How much do homes in 77511, TX cost?
Median Sold Price
$289,925
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77511 was $289,925 in March 2024, up 1.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $112K | -59.3% |
2 Bedrooms | $201.5K | $177.7K | -11.8% |
3 Bedrooms | $265.5K | $273.5K | +3.0% |
4 Bedrooms | $321.2K | $320K | -0.4% |
5+ Bedrooms | $397.6K | $410.4K | +3.2% |
Summary: 77511 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.3%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 77511, TX
How many homes are available in 77511, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
207 | 217 | +4.8% |
Summary: The 77511 real estate market had 217 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 106 | 105 | -0.9% |
4 Bedrooms | 72 | 75 | +4.2% |
5+ Bedrooms | 22 | 26 | +18.2% |
Summary: The 77511 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 31 | -13.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 77511 in March 2024, down by 13.9% month-over-month. Of the 31 sold homes, 52% were sold under asking, 19% were sold at asking, and 29% were sold over asking.
Days on Market for 77511, TX
How long does it take to sell a home in 77511, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 48 Days | -10.0% |
Summary: Homes in 77511 had an average of 48 days on market in Mar 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in 77511; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.